Hello friends, Have you ever wondered how bank scams happen and how the hard-earned money of the common people is at stake? Today we are talking about one of the biggest bank scams in India, the DHFL scam, in which the Supreme Court has decided to hear the CBI’s petition. There has been a demand to cancel the bail of the main accused in this case, Dheeraj Wadhawan. Let us know the story of this whole case and the truth behind it.
DHFL scam When the trust of banks broke
DHFL scam (Dewan Housing Finance Corporation Ltd) promoter Dheeraj Wadhawan and his brother Kapil Wadhawan are accused of embezzling ₹ 34,000 crore. According to the CBI, these two brothers misused a loan of ₹ 42,871.42 crore from 17 banks, transferred it to companies under their control and defrauded the banking system. The case started with a complaint from the Union Bank of India (UBI), after which the CBI started the investigation. The Wadhawan brothers were arrested in July 2022, but the trial court granted them bail in December 2022.
Supreme Court sent them to jail again
In January 2024, the Supreme Court overturned the High Court’s decision and ordered the re-arrest of Dheeraj and Kapil Wadhawan. The court held that the CBI had filed the chargesheet in time and there was no basis to release the Wadhawan brothers. However, Dheeraj Wadhawan sought bail on medical grounds in May 2023, which was rejected by the trial court. He then moved to the Delhi High Court, from where he got medical bail in September 2024. Now the CBI has filed a petition in the Supreme Court that Dheeraj Wadhawan is completely healthy and his medical bail should be cancelled. The CBI claims that the 45-year-old Wadhawan does not have any serious illness and he has obtained bail by getting fake medical reports made from private hospitals.
What will happen next?
The Supreme Court has accepted this petition and decided to hear the appeal of the CBI. The court has sought a response from Dheeraj Wadhawan and the next hearing of the case will be held in the last week of April 2025.
A big blow to the banking system
This scam is not just a legal battle, but it shows how big businessmen take loans worth thousands of crores from banks and grab them. Such scams not only weaken the banking system but also affect the general public, because ultimately the country’s economy rests on the money of the banks.
Disclaimer: This article is written to give information only. The information given in this is taken from various news sources. We are not taking any side in this matter.
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